Funds April 19, 2022

Carried interest partnership structuring and formation

The HLaw Private Funds team advised a Spanish alternative investment fund manager on the structuring and formation of a carried interest vehicle to facilitate carried interest participation by their UK employees.

The team advised the client on drafting the carried interest vehicle limited partnership agreement and adherence agreement; the financial promotion of limited partnership interests; and the FCA regulatory perimeter around establishing and operating a collective investment scheme.

As is often the case, the tiered vesting and carry allocation provisions needed to be considered carefully.

Humphreys Law

Deal/project: Private funds

Date closed: April 2022

Space: Funds

Other lawyers and advisors: Confidential

Team advising
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